OpenSea Bug Allows Attackers to Get Massive Discount on Popular NFTs

The bug was spotted as early as December 2021.

Opensea, Nft

25/1/2022 4:15:00 PM

The bug allowed the attackers to buy NFT s at older, lower prices, and sell them for a hefty profit.

The bug was spotted as early as December 2021.

, a 'mixing' service that is used to prevent blockchain tracing of funds."NFTs are digital assets on a blockchain that represent ownership of virtual or physical items. OpenSea is one of the largest marketplaces for NFTs.Elliptic estimates the market value of the affected NFTs to be over $1 million.

Jpegdegenlove partially reimbursed two of the victims, sending them back a total of $75,000 on Monday, Elliptic said.Some users have been transferring their listed assets to other wallets to take them off the market place whilst avoiding the delisting fee, founder of NFT project freshdrops_io

Read more: Yahoo Singapore »

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